Del E. Webb Corp. said its board...

Del E. Webb Corp. said its board of directors approved a restructuring plan that includes selling off its casinos and other leisure operations and focusing instead on real estate. “In recent years, Webb’s most profitable operations on a continuing basis have been real estate-oriented and particularly our adult community developments,” said Philip J. Dion, the corporation’s chairman. Dion said the company also has begun negotiations to transfer its interest in the Claridge Hotel and Casino in Atlantic City, N.J., to a group of unidentified investors in Los Angeles and Hong Kong. The leisure operations the Phoenix-based company owns and manages had revenue of $171 million in 1987, $127 million from the three Nevada casino hotels and $44 million from recreational properties, Dion said.